China's e-commerce giant Alibaba has announced revenue growth of 59 percent in the first fiscal quarter ending June, the fastest since its Initial Public Offering.

 

中国电商巨头阿里巴巴宣布，6月结束的首个会计季度其收入增长59%，这是自首次公开募股以来增长最快的一季。

 

The report says the higher-than-expected increase in revenue gives testament to the overall acceleration of Alibaba's different businesses such as e-commerce, entertainment, as well as new start-ups.

 

Total revenue reached over 32 billion yuan or 4.8 billion U.S. dollars.

 

Cloud calculation, in particular, grew 156 percent in the first quarter thanks to a hike in the number of paying clients and an increasing demand for using the service.

 

Another milestone for the group is that mobile clients' gross merchandise volume surpassed that of non-mobile clients for the first time, a big win for the group's strategy tilting toward mobile clients.